Research On The Scientific And Technological Financial Efficiency Based On The Three Stage DEA

The development of science and technology is an important factor to promote the healthy and stable development of modern society.Every aspect of social production and every aspect of economic life is inseparable from the progress of science and technology.The volume of China economy the world's second,GDP broken 70 trillion,long-term development mode relying on resources and demographic dividend factors due to the law of diminishing returns and inevitable in the "growth trap",the Chinese government put forward to optimize the economic structure,change the mode of economic development,the construction of an innovative country.The development of science and technology is the improvement of social productivity.The stable development of science and technology is of great significance to China huge economic volume.It is related to the improvement of market economy,the improvement of regional economic strength and the building of a well-off society in an all-round way.Finance is the core of modern economic development,to achieve the upgrading of the industrial structure,change the mode of economic development,is the role of financial support for the development of science and technology is becoming more and more significant,huge financial supply and demand will be accompanied by the development of science and technology enterprises "innovation" as the core,the combination of Finance and technology not only to promote the development of science and technology enterprises,and contribute to the prosperity of financial industry.However,in practice,high risk can be seen as the main bottleneck for the development of science and technology finance.The risk comes from the uncertainty in the development process of science and technology enterprises,and the two is that it is difficult to adapt to traditional financial market.The "Mcmillan defect" appeared in the combination of technology and finance is not conducive to the development of technological enterprises,nor is it conducive to the development of financial industry,thereby affecting the upgrading of industrial structure,the transformation of economic development mode and the strategy of building an innovative country.In this paper,our country is in the transformation of the mode of economic development,entering the stage of building an innovative country as the background,the domestic and foreign technology and finance literature review and combing through the literature review,the science and technology at home and abroad on the theory of financial development and financial technology and the concept of efficiency were summarized.Then,the development course of science and technology finance in China is divided into 3 stages to be narrated and selected from the third stage starting point from 2006 to 2016 for 11 years.The overall situation of science and technology finance development and the development of regional science and technology finance in China are compared and analyzed.The final choice of 3 technology and financial input index,3 science and technology financial output index and 3 environmental variables,using the traditional three stage DEA model for static analysis of China 2016 science and technology combined with the financial efficiency,using three stages DEA-Malmquist index model of China science and technology combined with the financial efficiency from 2006 to 2016 for the dynamic analysis,analysis before and after the provinces regional financial efficiency by comparing the adjustment of science and technology,science and technology combined with the understanding of China financial efficiency situation as a whole.Through in-depth research and analysis,we can find that: first,the development of technology and finance is consistent with the goal of transforming our economic development mode to build an innovative country at the present stage.The combined development of technology and finance in the new stage is another important magic weapon to promote China economic growth.Study on science and technology finance second abroad earlier than the domestic,foreign and domestic different research perspectives on technology and finance,on the one hand,foreign financial innovation and economic development of science and technology finance,combining the domestic technological innovation and financial development to study.Third by measurement of China science and technology combined with the financial efficiency,found that China science and technology combined with the financial efficiency of growth in the overall upward trend,science and technology enterprise development level is not high,has not formed the scale of development is still restricting China science and technology combined with the financial efficiency mainly due to rising,in addition to the progress of science and technology become an important factor in promoting China science and technology finance with the increasing efficiency.The combination efficiency of science and technology and finance in the eastern region is higher than that in the central and western regions and in the northeast,and there are differences in the integration efficiency of regional science and technology and finance.